Crown Castle stock gets price target boost, Citi highlights Fiber review and capital outlook By Investing.com
On Thursday, Citi updated its outlook on Crown Castle International Corp. (NYSE:), raising the price target to $128 from the previous $120, while reiterating a Buy rating on the stock. The firm’s assessment followed Crown Castle’s third-quarter results, which were seen as affirming the company’s operational targets for 2024.
The analyst from Citi highlighted that the third-quarter outcomes and management’s commentary were in line with the existing operational goals for 2024. The analyst noted that while the core organic operating outlook for 2024 and 2025 remains largely unchanged from previous estimates, there is potential for improved capital efficiency, particularly in the Fiber Segment.
According to the analyst, actions taken to…
